Smith & Wesson, Ruger stocks jump after Obama win

While investors moping over President Barack Obama’s reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing.

Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.

Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January

SNIP

In October, the number of firearms background checks performed on potential gun buyers jumped 18.4%, according to the FBI, as cited by Benchmark Research. The data is considered to be a leading indicator for future gun sales.

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10.8% overnight jump! 18.4% October jump in NICS checks! Wow! That is a lot of guns being purchased. Each of those people is investing a few hundred dollars in a gun, or thousands in several guns. Those people will have a strong interest in keeping those guns and will be ready to fight against any gun control legislation.

29. Why? If you can not defend your views, then what good are they?

31. It's not that I can't defend them. It's that I don't come to this forum to argue with people.

I come to read stuff, post stuff, laugh at stuff, and mostly have a good time. I don't enjoy arguing, especially with fellow Democrats. I think guns, abortion, religion, and ... I'm sure there are others ... where 'never the twain shall meet'. You've got your opinions, I've got mine. Glad that we both vote Dem., but it stops there. I DO NOT want to argue about guns with anyone. Period.

37. Ummm... the entire point of this forum is to debate issues.

Yes, there are a few groups set up specifically to be non-contentious. This isn't one of those few.

Echo-chambers are boring. If you state an opinion around here (not just in the GC&RKBA group), be prepared to have it examined and pulled apart to see what makes it tick. I'm utterly baffled that anyone with almost 3000 posts hasn't figured that out yet...

38. I didn't 'come to this forum' on purpose ... I saw this particular post on the latest threads, which

tend to be more general political topics, and sorry, but people don't tend to argue much on those. There are more humorous comments, attaboy comments, I-agree-with-that comments, or maybe I should say, more comments about who or what the OP was about, not anything against a fellow commenter. And re: my almost-3000 posts, at least half if not more were 4 years ago before the last election. I've been humongously busy between then and now.

10. People aren't so afraid of the NRA anymore and

Obama isn't running for reelection so you may have a fight on your hands. Here in CA we have a Dem super majority in both houses so there is no threat from the right.
You've just seen how demographics has begun to make the right irrelevant. Just saying.